FNC3003 : Empirical Project in Finance (Inactive)
- Inactive for Year: 2024/25
- Module Leader(s): Mr David Ormston-Simpson
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 10.0 |
| European Credit Transfer System | |
Aims
Effective working with real-world data is essential for studying finance, and constitutes a necessary and invaluable skill for Finance graduates. This module will build on empirical skills students developed in previous stages to: (1) expand on their knowledge of empirical methods, (2) create opportunities to advance their skills in applied data gathering and analysis, and (3) advance students’ abilities to conduct a research project and present its results in a well-structured and coherent manner.
Outline Of Syllabus
- Conducting an empirical study: literature review and structuring of the report
- Data sources for empirical work in finance
- An introduction to Stata
- Applied econometrics: a recap of prior knowledge
- Time series methods: non-stationarity, ARIMA, VAR, VECM, GARCH models
- Cross-sectional and panel data methods
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 8 | 2:00 | 16:00 | PIP lectures/live synchronous |
| Guided Independent Study | Assessment preparation and completion | 1 | 74:00 | 74:00 | Independent supervised work on an individual empirical project in Finance in Semester 2 |
| Guided Independent Study | Directed research and reading | 15 | 6:00 | 90:00 | Directed pre/post lecture reading. Practicing use of econometric software and data gathering and analysis. |
| Scheduled Learning And Teaching Activities | Workshops | 3 | 1:00 | 3:00 | PIP seminars/live synchronous |
| Scheduled Learning And Teaching Activities | Dissertation/project related supervision | 4 | 0:30 | 2:00 | Supervisory activities in Semester 2, can be in-person/online/via emails, etc. |
| Total | 185:00 |
Teaching Rationale And Relationship
Teaching and learning comprises a mixture of structured guided learning to raise awareness of key concepts and topics, which is supported via scheduled small group sessions to explore further via application/critique. Formative assessment and feedback supported via small group sessions.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Research paper | 1 | M | 100 | A 4000 words individual empirical project. |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Participation in small group computer classes provides opportunity to evaluate understanding via comparison to model answers and discussion |
| Prob solv exercises | 2 | M | Subsequent parts of the overall project to be discussed with the supervisor, where feedback on work conducted and suggestions for future work can be obtained. |
Assessment Rationale And Relationship
The assessment will be via a 4000 words report/research paper based on an independent supervised research study. As such, it will allow to test against the module intended outcomes, such as the ability to obtain, manipulate, and analyse data using appropriate empirical methods and software packages while being critical of their potential shortcomings, synthesise a body of knowledge to derive overarching conclusions as well as identify issues and gaps which can be addressed, and write a coherent and logically structured report to demonstrate effective presentation skills.
Formative feedback is available to students via a number of routes. Primarily, students can also obtain feedback through participation in small group computer classes, where their solutions/answers to the pre-set questions/problems will be discussed and feedback provided. Students will further have the opportunity to submit the subsequent parts of the overall project, to be discussed with the supervisor, where feedback on work conducted and suggestions for future work can be obtained.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- FNC3003's Timetable